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EXTENSION AGREEMENT

Extension Agreement

EXTENSION AGREEMENT | Document Parties: NET 1 UEPS TECHNOLOGIES INC You are currently viewing:
This Extension Agreement involves

NET 1 UEPS TECHNOLOGIES INC

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Title: EXTENSION AGREEMENT
Date: 2/7/2007
Industry: Consumer Financial Services     Sector: Financial

EXTENSION AGREEMENT, Parties: net 1 ueps technologies inc
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Exhibit 10.31

1 December 2006

Att: Chief Executive Officer

Cash Paymaster Services Kwa Zulu Natal (Proprietary) Limited
113 Old Main Road
Pinetown
c/o P O Box 1064
Pinetown
3610

Dear Sirs,

GRANT PAYMENT SERVICE PROVIDER CONTRACT IN KWA ZULU NATAL

1

As you are aware, the South African Social Security Agency (“ SASSA ”) came into being on 1 April 2006 through the coming into force of the South African Social Security Agency Act, Act No. 13 of 2004 (the “ SASSA Act ”). As a result of the coming into force of the SASSA Act, the function of the payment of grants, and the responsibility and accountability therefore, now lies with SASSA. As a service provider involved in the payment of grants to beneficiaries, this affects your contract to provide these services.

 

 

2

In particular, we refer to –

 

2.1

the contract entered into between the Kwa Zulu Natal Provincial Government, Department of Welfare and Population Development (the “ Department ”) and Cash Paymaster Services Kwa Zulu Natal (Proprietary) Limited (the “ Service Provider ”) during 1 January 2000 (the “ Ag


 
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